NETERIUM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NETERIUM
Largest movements
- Current investments +€1.5m
up €1.5m (+87.0%), from €1.7m to €3.2m
- Receivables within one year +€689,512
up €689,512 (+146%), from €471,052 to €1.2m
of which Trade receivables: +€767,076
- Intangible fixed assets +€493,494
up €493,494 (+34.2%), from €1.4m to €1.9m
- Cash +€297,893
up €297,893 (+82.3%), from €362,084 to €659,977
mainly Net result for the year (+€1.5m) and Accrued charges and deferred income (+€1.3m)
- Profit (loss) carried forward +€1.5m
up €1.5m (+3,787%), from €39,826 to €1.5m
- Accrued charges and deferred income +€1.3m
up €1.3m (+86.5%), from €1.5m to €2.9m
- Tax, wage and social debts +€125,332
up €125,332 (+251%), from €49,916 to €175,248
of which Taxes: +€114,690
- Gross operating margin +€1.7m
up €1.7m (+143%), from €1.2m to €2.9m
- Taxes +€497,951
up €497,951, from -€52,009 to €445,942
- Depreciation +€153,298
up €153,298 (+43.8%), from €350,366 to €503,665
- Staff costs +€84,229
up €84,229 (+20.4%), from €412,090 to €496,318
- Financial income +€35,614
up €35,614 (+182%), from €19,569 to €55,183
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,050,246 | €7,036,524 | +€3.0m | +73.7% |
| Fixed assets | 21/28 | €1,459,267 | €1,951,277 | +€492,010 | +33.7% |
| Intangible fixed assets | 21 | €1,442,096 | €1,935,589 | +€493,494 | +34.2% |
| Tangible fixed assets | 22/27 | €8,450 | €6,966 | -€1,483 | -17.6% |
| Furniture and vehicles | 24 | €8,450 | €6,966 | -€1,483 | -17.6% |
| Financial fixed assets | 28 | €8,721 | €8,721 | = | 0.0% |
| Current assets | 29/58 | €2,590,980 | €5,085,247 | +€2.5m | +96.3% |
| Amounts receivable within one year | 40/41 | €471,052 | €1,160,564 | +€689,512 | +146% |
| Trade receivables | 40 | €315,267 | €1,082,343 | +€767,076 | +243% |
| Other amounts receivable | 41 | €155,785 | €78,221 | -€77,563 | -49.8% |
| Current investments | 50/53 | €1,725,000 | €3,225,000 | +€1.5m | +87.0% |
| Cash at bank and in hand | 54/58 | €362,084 | €659,977 | +€297,893 | +82.3% |
| Deferred charges and accrued income | 490/1 | €32,843 | €39,706 | +€6,862 | +20.9% |
| Total equity and liabilities | 10/49 | €4,050,246 | €7,036,524 | +€3.0m | +73.7% |
| Equity | 10/15 | €2,414,926 | €3,922,963 | +€1.5m | +62.4% |
| Contributions | 10/11 | €2,373,600 | €2,373,600 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,826 | €1,547,863 | +€1.5m | +3,787% |
| Amounts payable | 17/49 | €1,635,321 | €3,113,561 | +€1.5m | +90.4% |
| Amounts payable within one year | 42/48 | €88,956 | €230,171 | +€141,215 | +159% |
| Trade debts | 44 | €39,039 | €54,923 | +€15,883 | +40.7% |
| Suppliers | 440/4 | €39,039 | €54,923 | +€15,883 | +40.7% |
| Taxes, remuneration and social security | 45 | €49,916 | €175,248 | +€125,332 | +251% |
| Taxes | 450/3 | - | €114,690 | +€114,690 | |
| Remuneration and social security | 454/9 | €49,916 | €60,559 | +€10,643 | +21.3% |
| Accrued charges and deferred income | 492/3 | €1,546,365 | €2,883,389 | +€1.3m | +86.5% |
| Non-recurring operating income | 76A | - | €125,790 | +€125,790 | |
| Remuneration, social security and pensions | 62 | €412,090 | €496,318 | +€84,229 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,366 | €503,665 | +€153,298 | +43.8% |
| Other operating charges | 640/8 | €1,773 | €70 | -€1,703 | -96.1% |
| Non-recurring operating charges | 66A | - | €13,892 | +€13,892 | |
| Gross operating margin | 9900 | €1,198,190 | €2,913,673 | +€1.7m | +143% |
| Operating profit (loss) | 9901 | €433,962 | €1,899,728 | +€1.5m | +338% |
| Financial income | 75/76B | €19,569 | €55,183 | +€35,614 | +182% |
| Recurring financial income | 75 | €19,569 | €55,183 | +€35,614 | +182% |
| Financial charges | 65/66B | €949 | €931 | -€18 | -1.9% |
| Recurring financial charges | 65 | €949 | €931 | -€18 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €452,581 | €1,953,980 | +€1.5m | +332% |
| Income taxes | 67/77 | -€52,009 | €445,942 | +€497,951 | |
| Profit (loss) for the period | 9904 | €504,590 | €1,508,038 | +€1.0m | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €504,590 | €1,508,038 | +€1.0m | +199% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.